Consistent Net Sales Growth
Net sales increased by $1.5 million or 3.3% compared to Q1 2024, marking the 22nd consecutive quarter of net sales growth.
Strong Volume Growth
On a like-for-like basis, Lifeway achieved greater than 10% volume-led growth in the quarter.
Record High Week of Sales
Achieved a Lifeway record high week of sales at the end of April, surpassing $5 million in gross sales, representing a 35% increase from the same week in the prior year.
Increased Gross Profit Margin
Reported a gross profit margin of 24%, benefiting from heightened volumes of Lifeway branded products.
Successful Strategic Investments
Net income of $3.5 million, driven by a net gain from early investment into Simple Mills, which was acquired by Flower Foods.
Expansion of Production Capacity
Developed a state-of-the-art facility in Waukesha, Wisconsin, expected to nearly double production capacity and more than triple bottling speed.
Significant Distribution Expansion
Expanded distribution into 1,400 Albertsons stores, and additional commitments from almost 1,000 new stores including CVS, Target, and Amazon Fresh.
Innovative New Product Offerings
Introduced new products like lactose-free Kefir flavor fusions and Probiotic Smoothies with Collagen, receiving positive consumer feedback.